Maintenance and Repair (M&R)
Expression that describes the general upkeep of containers to ensure they remain in operational condition. M&R will cover both damages (from impact or improper use) as well as W&T (Wear and Tear).
Max Gross Weight (MGW)
The maximum weight allowable for a loaded container. Also referred to as "gross weight".
Master Lease Agreement (MLA)
Short term, flexible lease agreement which allows lessee to onhire and offhire containers in pre-determined list of locations.